There is so much money out there, that even the more humble stuff is fetching silly money.

My neighbour is designing and manufacturing custom built exhaust systems for the Jaguar guys. He gets opportunities to see some amazing car collections, all over the world, where the security is better than we'd get in banks.

He was telling me a lot of the money is with business guys who are living the dream of owning cars they couldn't afford as young men. Besides being investments, many 'new' owners are wanting to drive them, so not just hidden away as many collections have been.

What has surprised my neighbour, there is so much money being spend on classics and sought after cars, buying, restoring, tuning, it is unbelievable.

This feels like a bizarre speculative bubble. I can see why an old E Type, a DB5, or even a GT40 should become a collector's item and justify a high price, but some of these old Fords were just mass-produced chavvy piles of crap even when launched, and had nothing special about them. They remind me of a Tracey Emin 'artwork' which relies on the greater fool principle as an investment.

This feels like a bizarre speculative bubble. I can see why an old E Type, a DB5, or even a GT40 should become a collector's item and justify a high price, but some of these old Fords were just mass-produced chavvy piles of crap even when launched, and had nothing special about them. They remind me of a Tracey Emin 'artwork' which relies on the greater fool principle as an investment.